This InteDelta white paper explores the way in which institutions are addressing spreadsheet risk. This white paper is based on a survey that InteDelta conducted amongst financial institutions in addition to their experience of consulting to institutions and a review of the literature relating to spreadsheet risk.
- External Research
To be effective, model risk management must encompass the full model development lifecycle and the full risk management lifecycle, from risk identification to risk assessment.
This report covers these trends in depth and provides a picture of the competitive landscape for model risk management solutions. This report uses Chartis’s RiskTech Quadrant® to explain the structure of the market. The RiskTech Quadrant® uses a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meet an organization’s needs.
This report covers some of the leading vendors offering model risk management solutions, including ClusterSeven,....
This report uses Chartis’s RiskTech Quadrant® to explain the structure of the market. The RiskTech Quadrant® uses a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meet an organization’s needs. The RiskTech Quadrant® does not simply describe one technology solution as the best operational risk solution; it has a sophisticated ranking methodology to explain which solutions would be best for specific buyers.
The report covers the leading vendors offering offering operational risk solutions for financial institutions, and includes a reference to ClusterSeven.
Conventional enterprise governance, risk, and compliance (GRC) processes have been a valuable tool for firms to manage risk through simple, structured controls and processes. However, traditional GRC is inadequate and, as a result of a focus on controls, has failed. Firms need to move beyond traditional GRC.....GFRC – GRC linked to finance – is needed.
The report covers the leading vendors offering enterprise GRC solutions, including... ClusterSeven ...
The RiskTech100® comprises the world’s most significant companies in the risk technology sector. This report is acknowledged globally as the most comprehensive and prestigious study of risk technology vendors.
The report covers the leading vendors offering risk management technology solutions including ClusterSeven
Twenty Principles for Good Spreadsheet Practice - Institute of Chartered Accountants for England & Wales
There have been countless posts on IT Counts and the Excel Community about the risks of poorly designed spreadsheets and the time that can be wasted by inefficient use of spreadsheets. The IT Faculty of the Institute of Chartered Accountants of England & Wales is publishing what we hope will be a major contribution towards addressing those problems....
Spreadsheets in the IFRS conversion process are highly likely to be in-scope for external auditors. Given the significant risks in using spreadsheets to convert to IFRS, careful planning is required to minimize the exposure to these risks. This paper gives examples of the risks and provides suggestions for their mitigation.
Solvency II will demand a thorough review of data management within the European insurance industry. One of the major issues is the use of spreadsheets as data manipulation vehicles between non-integrated systems. This presentation looks in detail at some of these activities that will need to be understood and controlled.
Top analyst research confirms ClusterSeven as market leader, based on 65 responses from a broad range of capital markets organizations.Read the full white paper
Spreadsheets are everywhere. They enable us to quickly and flexibly perform analysis that otherwise would be difficult or time-consuming. As a result, we tend to place undue trust in the integrity of the analysis spreadsheets make. This White Paper will provide the reader with guidance, based on years of experience, on managing spreadsheet risk.
This presentation explores the uses and abuses of spreadsheets within the financial services community. It summarizes the controls that the FSA [UK Financial Services Regulator] expects to see in well governed institutions.
Implementation of SMS [spreadsheet management systems] can be a critical process in risk management controls for compliance and security.Read the full white paper
Enterprise spreadsheet management is not about collecting more and more data about spreadsheets but about implementing better business processes. In other words: seeking out real business benefits beyond the simple management and control of the spreadsheet environment
One major energy company comments that an attempt to base a decision on a written proposal process was "a complete waste of time". The recommendation is to talk to the vendors. Get your hands on technology and test it on your spreadsheets in your processes.Click here to read the full article; free registration required
One of the earliest papers on spreadsheet control. While technology has moved on a long way since this paper was written, it is still a common starting point for spreadsheet control under a wide variety of regulations.